BOREAL SERVICE
ActiveThe computed 12-month bankruptcy probability of BOREAL SERVICE is 3.7% (moderate). The 2025 annual accounts show equity of €278k and a net result of €9k. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 84% of 2039 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▼-19
Solvency99▲+21
Growth60▲+2
Track record100
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 3.76 against 2.0 in 2024; short-term debt: 26.2% and cash: 31.3% of total assets), and 26.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 13-10-2025, 43 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2026
not confirmed
2025
43 d late
2024
20 d late
2023
23 d late
2022
48 d late
2021
40 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, full schema
Turnover
€1.39M▲ 19.7%
2024 · €1.16M
2021: €856k
2024: €1.16M
2021 → 2025
EBIT margin
1.1%▼ 7.1pp
2024 · 8.3%
2021: 13.9%
2024: 8.3%
2021 → 2025
Net result
€9k▼ 87.6%
2024 · €73k
2021: €94k
2022: €230k
2023: €94k
2024: €73k
2021 → 2025
Working capital
€273k▲ 2.7%
2024 · €266k
2021: €23k
2022: €186k
2023: €295k
2024: €266k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€856k-€1.16M€1.39M▲ 19.7%
Equity€67k-€226k▲ 240%€320k▲ 41.5%€294k▼ 8.4%€278k▼ 5.4%
Operating result€119k-€313k▲ 163%€122k▼ 61.1%€96k▼ 20.9%€16k▼ 83.5%
Net result€94k-€230k▲ 145%€94k▼ 59.1%€73k▼ 22.2%€9k▼ 87.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 83% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €376k
Fixed assets
€5k▼ 82.2%
Current assets
€371k▼ 30.0%
Equity and liabilities €376k
Equity
€278k▼ 5.4%
Debt
€99k▼ 62.7%
The debt ratio falls from 47.4% to 26.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€39k▼
2024 · €115k
Cash flow
€32k▼
2024 · €92k
Solvency
73.8%▲
2024 · 52.6%
Current ratio
3.76▲
2024 · 2.00
Quick ratio
3.76▲
2024 · 2.00
Debt / equity
0.36▼
2024 · 0.90
ROE
3.3%▼
2024 · 24.9%
ROA
2.4%▼
2024 · 13.1%
Interest coverage
34.55▼
2024 · 145.30
Debt
€99k▼
2024 · €264k
Debt ≤ 1 year
€99k▼
2024 · €264k
Income taxes
€6k▼
2024 · €22k
Staff costs
€35k▼
2024 · €63k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€558k€376k▼
Fixed assets21/28€28k€5k▼
Tangible fixed assets22/27€28k€5k▼
Plant, machinery and equipment23€426-
Furniture and vehicles24€27k€5k▼
Financial fixed assets28€305€305=
Current assets29/58€530k€371k▼
Amounts receivable within one year40/41€377k€253k▼
Trade receivables40€347k€180k▼
Other amounts receivable41€30k€73k▲
Cash at bank and in hand54/58€153k€118k▼
Equity and liabilities
Total equity and liabilities10/49€558k€376k▼
Equity10/15€294k€278k▼
Contributions10/11€3k€3k=
Capital10€3k€3k=
Issued capital100€3k€3k=
Reserves13€300€300=
Non-distributable reserves130/1€300€300=
Legal reserve130€300€300=
Profit (loss) carried forward14€290k€274k▼
Amounts payable17/49€264k€99k▼
Amounts payable within one year42/48€264k€99k▼
Trade debts44€128k€17k▼
Suppliers440/4€77k€17k▼
Bills of exchange payable441€52k-
Taxes, remuneration and social security45€24k€39k▲
Taxes450/3€24k€39k▲
Remuneration and social security454/9€428-
Other amounts payable47/48€112k€43k▼
Income statement
Code20242025
Turnover70€1.16M€1.39M▲
Goods, raw materials, services and sundry goods60/61€983k€1.31M▲
Remuneration, social security and pensions62€63k€35k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€23k▲
Other operating charges640/8€449€2k▲
Gross operating margin9900€178k€76k▼
Operating profit (loss)9901€96k€16k▼
Financial charges65/66B€791€1k▲
Recurring financial charges65€791€1k▲
Profit (loss) for the period before taxes9903€96k€15k▼
Income taxes67/77€22k€6k▼
Profit (loss) for the period9904€73k€9k▼
Profit (loss) for the period to be appropriated9905€73k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€390k€399k▲
Profit (loss) brought forward from the previous period14P€317k€390k▲
Profit to be distributed694/7€100k€125k▲
Directors or managers695€100k€125k▲
Social balance
Average headcount (FTE)908759,443.0-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 43 days late
31-01
Financial
Weakest financial yearnet €9k ▼87.6%
Net result drops to €9k, the lowest in the series.
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2023
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2022
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 48 days late
31-01
Financial
Highest result since 2021net €230k ▲145%
Operating result €313k, net result €230k, both a record.
31-01
Financial
Equity above €200kEq €226k ▲240%
2 profitable years in a row build equity to €226k.
2021
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 40 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eugène Hubertstraat 11020 BrusselGround area
1,025 m²
Building footprint
554 m²
Volume, LiDAR
8,456 m³
Parcel 21816H0139/00E006, Brussels · tallest building 19.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Eugène Hubertstraat 1, 1020 Brussel
since 20192.292.143.553
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816H0139/00E006 | Brussels | 1,025 m² | 1 · 554 m² | 19.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BATIDAR CONSTRUCT
BE 0881.831.750
Wezembeek-Oppem · Eq €278k
L.T. - BOUW
BE 0462.628.137
Hoeilaart · Eq €278k
IMPRO
BE 0447.291.942
Destelbergen · Eq €278k
RUBUS-XL
BE 0477.038.674
Stekene · Eq €278k
KEMAQUA
BE 0899.704.197
Mont-Saint-Guibert · Eq €277k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,421. 5,497 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2019
Fiscal year end31-01
Activities, NACEBEL
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
43310Plastering work
43331Floor and wall tiling
43410Roofing work
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.